Letlole Adds Six Properties To Portfolio

However, when commenting on LLR’s financial results for the year ended 30 June 2020,  acting chief executive officer, Kamogelo Mowaneng said due to the conclusion of the transaction late in the financial year, the benefits of the acquisition were not materially reflected in the current financials.

“As at 30 June 2020, four out of the six properties had been transferred and two remained. Subsequent to the end of the reporting period, the acquisition Plot 22047 Gaborone was concluded on the 6th July 2010. Plot 54060 Phakalane was also transferred to LLR on the 17th of July 2020,” she said.  On February 2020, the company entered into a purchase and sale agreement with Western Industrial  Estate (Proprietary) Limited to purchase a portfolio of industrial properties at a purchase consideration of P174.4 million.